The Cole Family Foundation Inc
The Cole Family Foundation Inc is a private foundation based in Salisbury, Maryland. Its 2025 filing reports 12 grants totaling $94,136 to organizations in Maryland and other states.
The Cole Family Foundation Inc at a glance
In short: The Cole Family Foundation Inc gave $94K across 12 grants in 2025 (avg $8K), mostly in Maryland. 0% of 2025 grantees were new. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $94,136
- -0.8% vs 2024
- Grants made (2025)
- 12
- -7.7% vs 2024
- Average grant
- $7,845
- +7.5% vs 2024
- Median grant
- $9,000
- Total assets
- $1,532,947
- -1.7% vs 2024
- New grantees (estimate)
- 0% first-time grantees (0 of 11, 2025; small sample)
- Primary geography
- Maryland (63% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to The Cole Family Foundation Inc
- How to Apply
-
The 2025 filing lists the Cole Family Foundation as the contact, says no specific form is required, and states that there are no restrictions on awards. It lists no deadlines.
- Contact
Application contact: Cole Family Foundation
Mailing address: 224 Creekside Drive, Salisbury, MD 21804
Phone: (410) 742-0404
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who The Cole Family Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
The largest 2025 recipient was The Church of Jesus Christ of Latter Day Saints ($11K). Together the top 10 received $79K.
Organizations only. It also paid 1 individual scholarship ($10,000), which are not listed by name.
Grant Size Distribution
71 grants across all recorded years
The most common grant size was under $50K: 71 grants of 71 (100%).
Geographic Focus
Where this funder awards grants
The 2025 filing reports grant dollars by recipient state as Maryland 63%, Utah 11%, Michigan 11%, New York 11%, and Virginia 5%.
Grant Distribution by State
Share of 2025 grant dollars across all 12 itemized grants.
Cities
Is The Cole Family Foundation Inc open to new grantees?
0%
first-time grantees, 2025
In 2025, 0 of 11 grantees (0%) were first-time recipients. With only 11 grantees, that is a small sample: one grantee more or less moves the share by about 9 points. How we count
- 100% of 2025 grantees were also funded in 2024. Method
- Giving held roughly steady from 2022 to 2025 (+14%). Method
- In 2025 it paid out 104% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2019–2025). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2025, annual grant giving ranged from $73K (2019) to $95K (2024). In 2025 it made 12 grants totaling $94K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| The Church of Jesus Christ of Latter Day Saints Salisbury, MD | General Operating Costs | $11,136 |
| Brigham Young University Provo, UT | Scholarships and Operating Costs | $10,000 |
| Hillsdale College Hillsdale, MI | Scholarships and Operating Costs | $10,000 |
| 1 individual scholarship Recipients not named | — | $10,000 |
| Mac Inc Salisbury, MD | General Operating Costs | $10,000 |
| Tunnel to Towers Foundation Staten Island, NY | General Operating Costs | $10,000 |
| YMCA of the Chesapeake Salisbury, MD | General Operating Costs | $8,000 |
| Coastal Hospice Salisbury, MD | General Operating Costs | $5,000 |
| Community Foundation of the Eastern Shore Salisbury, MD | General Operating Costs | $5,000 |
| Maryland Food Bank Baltimore, MD | General Operating Costs | $5,000 |
Ready to take the next step with The Cole Family Foundation Inc?
Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $1,532,947 | $204,007 | $230,050 | $94,136 | 12 | $121,751 | $96,675 | $117,444 |
| 2024 | $1,558,990 | $163,538 | $225,031 | $94,900 | 13 | $119,376 | $57,883 | $110,264 |
| 2023 | $1,617,710 | $143,376 | $197,873 | $86,500 | 14 | $109,321 | $55,184 | $103,991 |
| 2022 | $1,684,607 | $128,833 | $204,902 | $82,500 | 13 | $106,348 | $34,054 | $113,530 |
| 2021 | $1,748,480 | $225,593 | $205,838 | $89,563 | 19 | $111,465 | $135,313 | $118,043 |
| 2020 | $1,737,102 | $157,249 | $176,962 | $82,135 | 18 | — | $82,814 | $112,566 |
| 2019 | $1,756,815 | $174,119 | $195,523 | $73,215 | 12 | — | $78,496 | $105,943 |
Under IRS private-foundation payout rules, The Cole Family Foundation Inc reported a distributable amount of $117K for 2025 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
No mission statement for the foundation is provided. Its 2025 grants included operating-cost support and scholarships and operating-cost support. Among its grantees, MAC Incorporated describes its mission as offering older persons dignity, security, physical, mental, and social well-being, and full participation in society. Coastal Hospice describes its mission as promoting dignity and quality of life for patients and families facing life-limiting conditions.
Grantmaking
In 2025, the foundation made 12 grants totaling $94,136. Grant amounts ranged from $5,000 to $11,136, with a median of $9,000. Notable grants included $11,136 to The Church of Jesus Christ of Latter-day Saints in Salisbury, Maryland, for general operating costs; $10,000 each to Brigham Young University and Hillsdale College for scholarships and operating costs; and $10,000 each to Johns Hopkins University & Medicine, MAC Inc, and Tunnel to Towers Foundation.
Other 2025 recipients included YMCA of the Chesapeake ($8,000), Coastal Hospice ($5,000), Community Foundation of the Eastern Shore ($5,000), Maryland Food Bank ($5,000), Northern Virginia Family Services ($5,000), and Stream Rising ($5,000).
Leadership & Key People
Leadership team and compensation from IRS filings
The 2025 filing lists D Eric Wiseley, Micah R Cole, Jacob T Cole, Bethany Cole Saldana, and Erin R Cole as board members; Carol Cole as vice president/secretary; and William Hughlett Cole as president/treasurer.
The Cole Family Foundation Inc is led by William Hughlett Cole, President & Treasurer on every filing since 2019; 2 of 7 officers listed in 2025 are compensated.
Officers on the 2025 filing
William Hughlett Cole
President & Treasurer
On filings since 2019
40 hrs/week
$25K (2019) → $31K (2025)
Carol Cole
Vice President & Secretary
On filings since 2019
40 hrs/week
$13K (2019) → $16K (2025)
Bethany Cole Saldana
Board Member
On filings since 2019
1 hr/week
No compensation reported
D. Eric Wiseley
Board Member
On filings since 2019
1 hr/week
No compensation reported
Erin R. Cole
Board Member
On filings since 2019
1 hr/week
No compensation reported
Jacob T. Cole
Board Member
On filings since 2019
1 hr/week
No compensation reported
Micah R. Cole
Board Member
On filings since 2019
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $31K, to William Hughlett Cole (President/Treasurer). 2 officers or directors reported compensation on that filing.
Frequently asked questions about The Cole Family Foundation Inc
How much does The Cole Family Foundation Inc give each year?
The Cole Family Foundation Inc gave $94K across 12 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $95K across 13 grants.
What is The Cole Family Foundation Inc's typical grant size?
The Cole Family Foundation Inc's median grant in 2025 was $9,000, and its average grant was $7,845, across 12 grants on its 2025 IRS Form 990-PF.
Where does The Cole Family Foundation Inc give grants?
The Cole Family Foundation Inc gives mostly in Maryland: 63% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest states were Utah (11%) and Michigan (11%). The most frequent recipient cities were Salisbury, MD (5 grants).
Does The Cole Family Foundation Inc give general operating support?
Yes: 100% of The Cole Family Foundation Inc's 2025 grants with a stated purpose (12 of 12) were for general or operating support, per its 2025 IRS Form 990-PF.
Who are The Cole Family Foundation Inc's largest grantees?
The Cole Family Foundation Inc's largest 2025 grantees include The Church of Jesus Christ of Latter Day Saints ($11,136), Brigham Young University ($10,000) and Hillsdale College ($10,000), according to its 2025 IRS Form 990-PF. It also paid 1 individual scholarship ($10,000), which are not listed by name. Together they received 33% of its itemized 2025 grant dollars.
How large is The Cole Family Foundation Inc?
The Cole Family Foundation Inc reported $1.5M in total assets on its 2025 IRS Form 990-PF. It paid out $122K in qualifying distributions that year, against a required minimum of $117K (roughly 5% of its investment assets).
What does The Cole Family Foundation Inc fund?
No mission statement for the foundation is provided. Its 2025 grants included operating-cost support and scholarships and operating-cost support. See mission & focus areas ↑
How do I apply for a grant from The Cole Family Foundation Inc?
The 2025 filing lists the Cole Family Foundation as the contact, says no specific form is required, and states that there are no restrictions on awards. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is The Cole Family Foundation Inc's EIN?
The Cole Family Foundation Inc's EIN (Employer Identification Number) is 52-1512544. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(3)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2019 (received by the IRS April 9, 2020)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 8, 2026)
- IRS filings on file for fiscal years 2020–2024
Explore Open Grants
Browse active grant opportunities in The Cole Family Foundation Inc's focus areas in our free grants database
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Cite this profile
Grantable. (2026). The Cole Family Foundation Inc funder profile. GrantGraph. Retrieved October 5, 2026, from https://grantable.co/funders/the-cole-family-foundation-inc-morg_eeef4af8627347cabf3d63edf53cbb1f
BibTeX
@misc{grantable_521512544_2026,
author = {{Grantable}},
title = {{The Cole Family Foundation Inc funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/the-cole-family-foundation-inc-morg_eeef4af8627347cabf3d63edf53cbb1f},
note = {Accessed 2026-10-05. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from The Cole Family Foundation Inc's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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